What is the low estimate for rent/lease of real estate for a Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Low Estimate | High Estimate | ||||
| (2) Franchise Fee | $5,000 | $5,000 | Lump sum or financed | On signing of Franchise Agreement | Us |
| Grand | $0 | $6,000 | As arranged | As incurred | Vendors |
| (3) | |||||
| Opening Marketing | |||||
| Rent/Lease of Real Estate | $0 | $9,270 | As arranged | As incurred | Landlord |
| (4) | |||||
| (5) | $1,030 | $4,120 | As arranged | As incurred | Contractor or |
| Leasehold Improvements | Landlord | ||||
| Computer, Technology | $0 | $4,120 | As arranged | As incurred | Vendors |
| (6) | |||||
| Systems, and Software | |||||
| Office Furniture | $1,030 | $4,120 | As arranged | As incurred | Vendors |
| (7) | |||||
| and Equipment | |||||
| Machinery, | $1,030 | $5,150 | As arranged | As incurred | Vendors |
| (8) | |||||
| Tools and Equipment | |||||
| (9) | $3,708 | $7,416 | Lump sum or | As incurred or | Vendors |
| Vehicles | installments | periodically | |||
| Vehicle Upfitting (10) | $0 | $5,150 | As arranged | As incurred | Vendors |
| (11) | $0 | $5,150 | As arranged | As incurred | Vendors |
| Signage for Vehicles | |||||
| (12) | $1,030 | $5,150 | As arranged | As incurred | Vendors |
| Office Signage | |||||
| Type of Expenditure | Amount Low Estimate | High Estimate | Method of Payment | When Due | To Whom Payment is to be Made |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–37)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the low estimate for rent/lease of real estate is $0, while the high estimate is $9,270. This estimate is for a location with approximately 2,000 to 3,000 rentable square feet and includes three months of rent. The FDD notes that the cost per square foot can vary significantly based on location, property type, and market conditions. The landlord may also require a security deposit, typically one or two months' rent.
The $0 low estimate applies if you already lease a space that meets Benjamin Franklin Plumbing's standards or if you already own the real estate to be used for the franchise. However, if you decide to purchase the real estate instead of leasing, the initial investment cost could be substantially higher. If you already own the real estate, you may still be responsible for property taxes.
As the FDD indicates, these costs are 'as arranged' and 'as incurred,' meaning they are agreed upon between you and the landlord and paid as you incur the expense. It's important to consider that these are estimates based on data from 2024 and the first quarter of 2025, and actual costs can vary due to several factors, including the size and location of your territory and local market conditions.